Sunbelt Securities Inc. Has $94,000 Stock Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Sunbelt Securities Inc. cut its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 65.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 799 shares of the company’s stock after selling 1,533 shares during the period. Sunbelt Securities Inc.’s holdings in iShares U.S. Insurance ETF were worth $94,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IAK. Tortoise Investment Management LLC acquired a new position in shares of iShares U.S. Insurance ETF in the 4th quarter worth approximately $34,000. Capital Analysts LLC acquired a new position in iShares U.S. Insurance ETF in the fourth quarter worth $65,000. Planned Solutions Inc. bought a new stake in shares of iShares U.S. Insurance ETF during the fourth quarter worth $73,000. Geneos Wealth Management Inc. increased its stake in shares of iShares U.S. Insurance ETF by 367.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 934 shares of the company’s stock valued at $94,000 after buying an additional 734 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of iShares U.S. Insurance ETF by 13.0% in the fourth quarter. Larson Financial Group LLC now owns 1,269 shares of the company’s stock valued at $127,000 after buying an additional 146 shares during the last quarter.

iShares U.S. Insurance ETF Stock Down 1.0 %

Shares of NYSEARCA IAK opened at $112.92 on Friday. The company has a market cap of $626.71 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 12-month low of $85.86 and a 12-month high of $117.99. The firm’s 50-day simple moving average is $114.32 and its 200 day simple moving average is $110.33.

About iShares U.S. Insurance ETF

The iShares U.S. Insurance ETF (IAK) is an exchange-traded fund that is based on the DJ US Select \u002F Insurance index. The fund tracks a market-cap index of US insurance companies. IAK was launched on May 1, 2006 and is managed by BlackRock.